Hi,
Good day. Can anyone please tell me what the difference is between gross salary and net salary, and what is meant by CTC? Please explain this to me because I don't have knowledge about it. I am waiting for an immediate response.
Regards,
Deepa Shree
From India, Bangalore
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1Good day. Can anyone please tell me what the difference is between gross salary and net salary, and what is meant by CTC? Please explain this to me because I don't have knowledge about it. I am waiting for an immediate response.
Regards,
Deepa Shree
From India, Bangalore
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Hello Deepa,
Net salary is the take-home salary of the employee, while gross salary is the figure before making statutory or other deductions. Gross salary is basic + HRA + transport + other allowances. Gross salary minus PF contribution, ESI contribution, professional tax contribution, etc. (as per applicability) becomes net salary.
Gross salary = Salary before deductions. Net Salary = Salary after deductions.
Hope it's clear. Please do revert back for further queries.
From India, Mumbai
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Net salary is the take-home salary of the employee, while gross salary is the figure before making statutory or other deductions. Gross salary is basic + HRA + transport + other allowances. Gross salary minus PF contribution, ESI contribution, professional tax contribution, etc. (as per applicability) becomes net salary.
Gross salary = Salary before deductions. Net Salary = Salary after deductions.
Hope it's clear. Please do revert back for further queries.
From India, Mumbai
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Net Salary = Gross – PF (Emp Cont) – ESI (Emp Cont) – PT CTC = Gross + PF (Emp’r Cont) – ESI (Emp’r Cont)
From India, Mumbai
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From India, Mumbai
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Dear Deepa Gross Salary means Salary before deduction Net Salary means after deductions ( PF, ESI, etc) with regards, Meenu
From India, New Delhi
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From India, New Delhi
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Dear Deepa,
I hope you are now clarified about gross salary and net salary. CTC stands for Cost To the Company, meaning all expenses incurred by the company for an employee are included in the CTC. Employer's contributions to PF, ESI, Bonus, Gratuity, and Leave Salary are some of the major components of CTC.
Regards,
S. GANAPATHY
From India, Coimbatore
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I hope you are now clarified about gross salary and net salary. CTC stands for Cost To the Company, meaning all expenses incurred by the company for an employee are included in the CTC. Employer's contributions to PF, ESI, Bonus, Gratuity, and Leave Salary are some of the major components of CTC.
Regards,
S. GANAPATHY
From India, Coimbatore
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Hello friends,
Have a good day all. Please, can you tell me the PF contribution (24%), ESIC contribution (6.5%), gratuity (Basic*15/26), and bonus? All these are deducted from the CTC. Please note the specific percentages of PF and ESIC.
Thanks,
Jagdish Rawat
09927566695
Email: jrawat528@gmail.com
From India, Delhi
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Have a good day all. Please, can you tell me the PF contribution (24%), ESIC contribution (6.5%), gratuity (Basic*15/26), and bonus? All these are deducted from the CTC. Please note the specific percentages of PF and ESIC.
Thanks,
Jagdish Rawat
09927566695
Email: jrawat528@gmail.com
From India, Delhi
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Hi Deepa,
Users above have explained the difference in a good way. I wrote this extensive article discussing the CTC and net salary some time ago: CTC - Defining Cost To Company And Take Home Salary. I hope this clears out your doubts. Let me know if you find it useful.
From India, Delhi
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Users above have explained the difference in a good way. I wrote this extensive article discussing the CTC and net salary some time ago: CTC - Defining Cost To Company And Take Home Salary. I hope this clears out your doubts. Let me know if you find it useful.
From India, Delhi
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Hi Friends,
I understand the difference between Take-home salary and CTC, but I just need to know how we should show these deductions in the offer letter. Can anyone help me with the format for showing this calculation with all possible deductions and benefits?
From India, Jamnagar
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I understand the difference between Take-home salary and CTC, but I just need to know how we should show these deductions in the offer letter. Can anyone help me with the format for showing this calculation with all possible deductions and benefits?
From India, Jamnagar
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Dear Deepaji,
Here is your doubt cleared:
GROSS SALARY
===============
Let's take an example where, as per your Appointment Order, you are drawing a salary of Rs. 10,000 per month. This amount represents your Gross Salary.
From India, Bangalore
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Here is your doubt cleared:
GROSS SALARY
===============
Let's take an example where, as per your Appointment Order, you are drawing a salary of Rs. 10,000 per month. This amount represents your Gross Salary.
From India, Bangalore
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